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Viewpoint: Nigeria: Microfinance Banks – Helping or Killing SMEs?
To say that the Small, Medium Enterprises is the engine room for economic development is to state the least, especially, in the third world countries, where the degree of unemployment is high and where there are so many qualified applicants chasing few and sometimes not available white collar jobs.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- microfinance
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Blossom Offers Islamic Micro-Financing in Indonesia Using Bitcoin
A startup that recently relocated from San Francisco to Jakarta aims to shake up micro-finance in Indonesia.Blossom‘s concept can be said to be breaking ground: it operates onBitcoin and targets the global Muslim community.
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- Uncategorized
- Region
- Asia Pacific
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Going Digital Sustainably: How microfinance providers can balance business needs, technology constraints and the customer value proposition
A strong digital financial services model can reduce distribution costs and increase revenue for financial institutions that serve the poor. But the transition to digital requires an understanding of the full implications of the new service, and a strategy to encourage customer behaviors that will yield a successful investment. Grameen Foundation offers tips in the latest post in their series on what it takes for MFIs to go digital.
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- Uncategorized
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- microfinance
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Press Release: MasterCard Fndn. Announces $150,000 Award for the Most Client-Centric Organization Advancing Financial Inclusion
The MasterCard Foundation today announced the opening of its Clients at the Centre Prize competition, a US$150,000 initiative to find and recognize the most customer-focused organization working to enable poor people in developing countries to access formal financial products and services.
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- Uncategorized
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Other Countries Like US, Russia May Soon Follow the Model of India’s Financial Inclusion Drive
The Pradhan Mantri Jan Dhan Yojana programme, the drive launched by Prime Minister Narendra Modi to ensure at least one member in every household in the country had a bank account, could soon emerge as a worldwide template for achieving rapid financial inclusion.
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- Uncategorized
- Region
- South Asia
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Press Release: OPIC to Launch Call for Global Development Investment Funds Proposals
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today announced its 2015 Global Engagement Call for Proposals from fund managers seeking OPIC financing for private equity investment funds.
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- Uncategorized
- Tags
- impact investing
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Press Release: Accion, FMO and Triodos Investment Management Form Consortium to Strengthen Financial Inclusion in Myanmar
Financial inclusion pioneer Accion, the Dutch development bank FMO, and Triodos Investment Management today announced their plans to invest in and expand Dawn Microfinance, one of the earliest microfinance institutions (MFIs) established in the Republic of Myanmar. The $6.85 million investment is intended to establish the newly incorporated MFI as a premier institution that can serve as a model for the country’s nascent microfinance industry and influence the development of the sector.
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- Uncategorized
- Region
- South Asia
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IFC Invests in Cambodia’s PRASAC Microfinance Institution Ltd. to Expand Lending for Micro and Smaller Businesses
IFC, a member of the World Bank Group, has provided a loan of up to $10 million to PRASAC Microfinance Institution Ltd., Cambodia’s largest organization of its kind, to increase lending to micro, small and medium enterprises in the rural and agricultural sectors.
- Categories
- Uncategorized
- Region
- South Asia
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